False Channel Breakout, short order advice

After a somewhat neutral EU CPI and German Unemployment Rate, a better than expected US CB Indicator could mean a short-term correction downwards. Wait for price to near M5 100-p SMA and M15 200-p SMA, place a short order accordingly. (check the chart for more help)

Stochastic is showing no divergences except M30 Stochastic bullish divergence signalling a very brief correction. H4 Stochastic continuation downward is expected.